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Retail Plaza End Cap Unit
For Sale
Contact for pricing
Pending

14531 W Eight Mile Rd, Detroit, MI 48235

This busy-corner former restaurant building is being converted into a four-unit retail plaza, with end cap unit space available January 2021.

Property SizeContact for details
Days on Market149

Property Features for 14531 W Eight Mile Rd

General Information

Standard status Pending
Property subtype Office, Business for Sale

Building Details

Tenancy Multi
Listing Agency: New Michigan Realty
Listed By: James Jamil · License #47494947
Source: Crexi
Added: Apr 12 Changed: Aug 27 Last Checked: Sep 2 at 7:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Michigan Realty

Investment Insights

Based on property information with market context.

This busy-corner former restaurant building is being converted into a four-unit retail plaza. The layout includes one end cap unit and three middle units, designed for individual tenant occupancy. The end cap unit is expected to be available in January 2021, with unit sizes described as ranging from approximately 900 to 1,200 square feet. The property notes top-grade construction work being completed as part of the conversion.

The current offering is for the end cap unit within the overall four-unit configuration. The seller indicates the property is also available for sale, and all businesses are welcome.

All units are being planned as storefront retail space within the converted plaza building.

Key Highlights

  • Former restaurant building converting into a 4‑unit retail plaza
  • End cap unit available with rent at $4,000
  • Middle units available with rent at $3,000

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Food Market Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby
37k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 50% Shops & Services 47% Electronics 4%
Wendy's Dining
18,328 visits/mo 0.5 miles
BP Shops & Services
11,900 visits/mo 0.4 miles
AutoZone Shops & Services
5,282 visits/mo 0.4 miles
Metro by T-Mobile Electronics
669 visits/mo 0.4 miles
Metro by T-Mobile Electronics
628 visits/mo 0.4 miles

Demographics for 48235, MI

45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - This busy-corner former restaurant building is being converted into a four-unit retail plaza, with end cap unit space available January 2021.
Where is this strip mall located?
The property is located at 14531 W Eight Mile Rd Detroit, MI.
What are key features of this property?
This property features: Former restaurant building converting into a 4‑unit retail plaza; End cap unit available with rent at $4,000; Middle units available with rent at $3,000
More about this property
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